1 The cost of warehouse space allocated to three inventories: raw materials, work-in-process, and finished goods. The inventories use the warehouse space in the ratio of 10 to 3 to the total warehouse space is 8.9 million square metres, at a cost of $12.6752 million, how much of the cost should be allocated to each of the inventories? Inventories Raw materials Work-in-process Cost $ million $ million Finished goods $ million (Round to four decimal places as needed.) 3 10 , respectively. If

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The cost of warehouse space is allocated to three inventories: raw materials, work-in-process, and finished goods. The inventories use the warehouse space in the ratio of
1
the total warehouse space is 8.9 million square metres, at a cost of $12.6752 million, how much of the cost should be allocated to each of the inventories?
10
Inventories
Raw materials
Work-in-process
Cost
$ million
$ million
Finished goods
$
million
(Round to four decimal places as needed.)
***
2/3
to
3
10
1
respectively. If
Transcribed Image Text:The cost of warehouse space is allocated to three inventories: raw materials, work-in-process, and finished goods. The inventories use the warehouse space in the ratio of 1 the total warehouse space is 8.9 million square metres, at a cost of $12.6752 million, how much of the cost should be allocated to each of the inventories? 10 Inventories Raw materials Work-in-process Cost $ million $ million Finished goods $ million (Round to four decimal places as needed.) *** 2/3 to 3 10 1 respectively. If
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